Financial Plus Credit Union

G-3381 Van Slyke Rd
Flint, MI 48507
(800) 748-0451
www.financialplusfcu.org

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Financial Plus Credit Union is headquartered in FLINT and is the 22^nd largest credit union in the state of Michigan. It is also the 508^th largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to 132 employees and 43,350 members. Financial Plus Credit Union has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Financial Plus Credit Union Checking Account Rates

Apy	Min	Max	Product
0.15%	$10k	-	Tiered-Rate Checking
0.15%	$15k	-	High-Rate Checking
0.10%	$500	-	Green Checking

Financial Plus Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	IRA Savings Account
0.15%	-	-	Roth IRA Savings Account
0.15%	-	-	Coverdell Education Savings Account
0.10%	$1,500	-	Regular Share Account
0.10%	-	-	Christmas Club Savings
0.10%	$1,500	-	Misc. Share Account

Financial Plus Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$200k	-	Hi-Yield Plus Money Market
0.50%	$200k	-	IRA Money Market Account
0.50%	$200k	-	ESA Money Market Account
0.35%	$150k	-	Premier 150 Money Market Account
0.30%	$100k	-	Premier 100 Money Market Account
0.25%	$50k	-	Hi-Yield Savings Account
0.25%	$75k	-	Premier 75 Money Market Account

Financial Plus Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$10k	-	60 Month Share Certificate Special - New Money
1.50%	$5k	-	60 Month Relationship Share Certificate Special - New Money
0.95%	$500	-	60 Month Share Certificate
0.75%	$500	-	48 Month Share Certificate
0.55%	$500	-	24 Month Share Certificate
0.55%	$500	-	30 Month Share Certificate
0.55%	$500	-	36 Month Share Certificate
0.55%	$500	-	42 Month Share Certificate
0.55%	$300	-	24 Month Start 'N Grow Relationship Certificate
0.55%	$5k	-	24 Month Step Up Relationship Certificate
0.30%	$500	-	18 Month Founders Club Certificate
0.30%	$500	-	18 Month Benefits Plus Certificate
0.25%	$500	-	12 Month Share Certificate
0.25%	$500	-	18 Month Share Certificate
0.15%	$10k	-	30-89 Day Share Certificate
0.15%	$10k	-	90-179 Day Share Certificate
0.15%	$500	-	6 Month Share Certificate

Financial Plus Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$5k	-	60 Month Relationship IRA Certificate Special - New Money
1.50%	$10k	-	60 Month IRA Certificate Special - New Money
1.50%	$10k	-	60 Month Roth IRA Certificate Special - New Money
1.50%	$5k	-	60 Month Relationship Roth IRA Certificate Special - New Money
1.50%	$10k	-	60 Month Coverdell IRA Certificate Special - New Money
1.50%	$5k	-	60 Month Relationship Coverdell IRA Certificate Special - New Money
0.95%	$500	-	60 Month IRA Certificate
0.95%	$5k	-	60 Month Step Up IRA Certificate
0.95%	$500	-	60 Month Roth IRA Certificate
0.95%	$5k	-	60 Month Step Up Roth IRA Certificate
0.95%	$500	-	60 Month Coverdell IRA Certificate
0.95%	$5k	-	60 Month Step Up Coverdell IRA Certificate
0.75%	$500	-	48 Month IRA Certificate
0.75%	$500	-	48 Month Roth IRA Certificate
0.75%	$500	-	48 Month Coverdell IRA Certificate
0.55%	$500	-	24 Month IRA Certificate
0.55%	$300	-	24 Month Start 'N Grow Relationship IRA Certificate
0.55%	$5k	-	24 Month Step Up Relationship IRA Certificate
0.55%	$500	-	30 Month IRA Certificate
0.55%	$500	-	36 Month IRA Certificate
0.55%	$500	-	42 Month IRA Certificate
0.55%	$500	-	24 Month Roth IRA Certificate
0.55%	$300	-	24 Month Start 'N Grow Relationship Roth IRA Certificate
0.55%	$5k	-	24 Month Step Up Relationship Roth IRA Certificate
0.55%	$500	-	30 Month Roth IRA Certificate
0.55%	$500	-	36 Month Roth IRA Certificate
0.55%	$500	-	42 Month Roth IRA Certificate
0.55%	$500	-	24 Month Coverdell IRA Certificate
0.55%	$300	-	24 Month Start 'N Grow Relationship Coverdell IRA Certificate
0.55%	$5k	-	24 Month Step Up Relationship Coverdell IRA Certificate
0.55%	$500	-	30 Month Coverdell IRA Certificate
0.55%	$500	-	36 Month Coverdell IRA Certificate
0.55%	$500	-	42 Month Coverdell IRA Certificate
0.30%	$500	-	18 Month Benefits Plus IRA Certificate
0.30%	$500	-	18 Month Founders Club IRA Certificate
0.30%	$500	-	18 Month Benefits Plus Roth IRA Certificate
0.30%	$500	-	18 Month Founders Club Roth IRA Certificate
0.30%	$500	-	18 Month Benefits Plus Coverdell IRA Certificate
0.30%	$500	-	18 Month Founders Club Coverdell IRA Certificate
0.25%	$500	-	12 Month IRA Certificate
0.25%	$500	-	18 Month IRA Certificate
0.25%	$500	-	12 Month Roth IRA Certificate
0.25%	$500	-	18 Month Roth IRA Certificate
0.25%	$500	-	12 Month Coverdell IRA Certificate
0.25%	$500	-	18 Month Coverdell IRA Certificate
0.15%	$10k	-	30-89 Day IRA Certificate
0.15%	$10k	-	90-179 Day IRA Certificate
0.15%	$500	-	6 Month IRA Certificate
0.15%	$10k	-	30-89 Day Roth IRA Certificate
0.15%	$10k	-	90-179 Day Roth IRA Certificate
0.15%	$500	-	6 Month Roth IRA Certificate
0.15%	$10k	-	30-89 Day Coverdell IRA Certificate
0.15%	$10k	-	90-179 Day Coverdell IRA Certificate
0.15%	$500	-	6 Month Coverdell IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

FINANCIAL PLUS
NCUA #	8145
BankRate Report	View
Year Chartered	1952
Employees	132
Primary Regulator
Assets and Liabilities
Assets	$379.92 million
Loans	$247.05 million
Deposits	$315.02 million
Equity Capital	$48.49 million
Loan Loss Allowance	$3.37 million
Unbacked Noncurrent Loans	$3.81 million
Real Estate Owned	$435,000
Historic Data - December 2010
Assets	$371.51 million
Equity Capital	$44.12 million
Loan Loss Allowance	$3.23 million
Unbacked Noncurrent Loans	$3.65 million
Real Estate Owned	$1.07 million
Profit Margin - Quarterly
Net Interest Margin	6.33%
Return on Assets	1.15%
Return on Equity	9.05%
Interest Income	$17.87 million
Non-Interest Income	$7.97 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Financial Plus Credit Union had $4.25 million in non-current loans and owned real-estate with $51.87 million in equity and loan loss allowances on hand to cover it. This gives Financial Plus Credit Union a Texas Ratio of 8.19% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Financial Plus Credit Union decreased slightly from 9.97% as of December 31, 2010 to 8.19% as of December 31, 2011, resulting in a positive change of 17.80%.This indicates that the balance sheet and financial strength for Financial Plus Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Financial Plus Credit Union has increased its total deposits by $6.54 million, resulting in 2.12% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Financial Plus Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Financial Plus Credit Union has $379.92 million in assets with $51.87 million in equity, resulting in a capitalization level of 13.65%, which is excellent.

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